Identify data, process, and information in the following: "When a bank customer deposits some money in the bank, the amount is credited to the customer's account and the balances of both the customer's account and the overall bank's debts and assets
are adjusted accordingly. "
"Amount" is data, "bank's debts and assets are adjusted accordingly" is process, and"customer's account" is information.
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Which of the following is a type of joint venture?
A) direct exporting B) contract manufacturing C) direct investment D) retailing E) wholesaling
The amount of federal income taxes withheld from an employee's gross pay is recorded as a:
A) payroll expense. B) contra account. C) current asset. D) current liability.
Choose the list that represents the top three countries that are used for outsourcing as of 2014
A) India, Asia, and Brazil B) India, China, and Malaysia C) Bulgaria, China, and Mexico D) Mexico, Egypt, and China
Newton Company currently produces and sells 5000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $18 per unit. Fixed costs are $20,000. The company is considering investing in new technology that would decrease the variable cost per unit to $7 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 10,000 units of product. What sales price would have to be charged to earn a $80,000 desired profit assuming the investment in technology is made?
A. $16 B. $7 C. $19 D. $18